The EURUSD was indecisive on Friday. The bias is neutral in nearest term but overall we are still in bullish correction phase with potential reversal in medium term point of view. Nearest bullish target is seen around 1.2670 region before testing 1.2900 area. Immediate support at 1.2465/50 region. Break below that area could wane the bullish bias testing 1.2380/50 region but only a movement below 1.2150 could be seen as the end of bullish correction.
©2010 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.